• Belém COP30 delivers climate finance boost and a pledge to plan fossil fuel transition

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      Tracey Biller
  • In a 22nd November report on the outcomes from COP30 in at COP30 in Belém, Brazil, UN News reports that countries agreed on a sweeping package to scale up climate finance and accelerate implementation of the Paris Agreement – but without a clear commitment to move away from fossil fuels.

    Expectations were high that COP30’s final decision would include explicit reference to phasing out fossil fuels. More than 80 countries backed Brazil’s proposal for a formal ‘roadmap’ and a draft text had included it.

    However, after two weeks of intense negotiations, the adopted text refers only to the ‘UAE Consensus’, the COP28 decision calling for “transitioning away from fossil fuels.” It also launches two major initiatives – the Global Implementation Accelerator, an agreement to mobilise $1.3 trillion annually by 2035 for climate action, and the Belém Mission to 1.5°C – to help countries deliver on their nationally determined contributions (NDCs), or national climate action plans, and adaptation plans.

    Speaking at the closing meeting, COP30 President André Corrêa said, ”We know some of you had greater ambitions for some of the issues at hand. I know the youth civil society will demand us to do more to fight climate change. I want to reaffirm that I will try not to disappoint you during my presidency.”

    Mr. do Lago announced plans to create two roadmaps: one to halt and reverse deforestation; and another to transition away from fossil fuels in a just, orderly, and equitable manner.

    From the G20 Summit in Johannesburg, UN Secretary-General António Guterres said, “I cannot pretend that COP30 has delivered everything that is needed. Overshoot of 1.5°C is a stark warning: deep, rapid emission cuts and massive climate finance are essential. COP30 is over, but the work is not.”

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